Market Overview
Home Prices in Deephaven, MN
The median home value in Deephaven, MN is $1,096,250 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.7% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Deephaven are priced167% above average. Deephaven is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area.
Over the past five years, Deephaven home values have risen by approximately32.7%, reflecting strong long-term appreciation in this market.
Price History
Deephaven Home Price Trend
City Comparison
Deephaven vs. National Median
At $1,096,250, homes in Deephaven cost 167% above the national median of $410,000. Buyers in Deephaven should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Deephaven?
20% Down Payment
$219,250
on $1,096,250
Monthly P&I
$5,717/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,261/mo
incl. taxes & insurance
Income Needed
$290,440
gross annual (30% rule)
10% Down Option
$109,625
+ PMI applies
Loan Amount (20% dn)
$877,000
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Deephaven, MN?
The median home value in Deephaven is $1,096,250 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.7% year-over-year.
How much have home prices changed in Deephaven?
Over the past year, home values in Deephaven have increased by 3.7%. Over five years, prices have risen approximately 32.7%.
How much do I need to earn to buy a home in Deephaven?
To comfortably afford the median home price of $1,096,250 with a 20% down payment ($219,250) at today's rates (6.8%), you'd need a gross annual income of approximately $290,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Deephaven compare to the national average home price?
The national median home value is approximately $410,000. At $1,096,250, homes in Deephaven are 167% above the national average.
What metro area is Deephaven part of?
Deephaven is part of the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.